Goldman Sachs Analyst Questions Autodesk's Revenue Growth And Total Addressable Market Targets

Loading...Loading...Goldman Sachs analyst Kash Rangan maintained a Sell rating on AutoDesk Inc ADSK and lowered the price target from $230 to$225.Rangan noted Autodesk as a category leader with a dominant market position within design and engineering software.The analyst noted the company’s strong competitive positioning and relative stickiness could command operating margins north of 40% in the long term.Also Read: What’s Going On With Autodesk Stock After Earnings?While appreciating fiscal first-quarter ...